eEye Digital Security
+0%
est. 2Y upside i
Rank
#992
Sector
Cybersecurity
Est. Liquidity
~3Y
Data Quality
Data: HighEye Security demonstrates strong growth (100% YoY) and profitability in the underserved European mid-market cybersecurity and insurtech space, driven by a unique all-in-one offering and regulatory tailwinds like NIS2.
Last updated: March 10, 2026
Eye Security successfully expands beyond its core markets, becoming a dominant player in European mid-market cybersecurity and insurtech, driven by AI-powered solutions and strong regulatory tailwinds. Revenue surpasses $25M by 2028, justifying a $700M valuation at 28x revenue, attracting a strategic acquisition.
Eye Security maintains its strong growth in the European mid-market, leveraging its all-in-one offering and NIS2 compliance focus. Revenue reaches $16M by 2028, leading to an acquisition at a 20x revenue multiple, valuing the company at $320M.
Intense competition from larger players like CrowdStrike and Palo Alto Networks, coupled with slower-than-expected European expansion, leads to pricing pressure and decelerated growth. Revenue reaches only $9M by 2028, resulting in a down round or acquisition at $90M, significantly eroding common stock value due to the $62M preference stack.
Preference Stack Risk
severeInvestors hold $62M in liquidation preferences, meaning in an exit at or below $62M, common shareholders would receive nothing; at the estimated current valuation of $195M, common shareholders would receive $133M ($195M - $62M).
Dilution Risk
moderateAs a Series B company, it is likely to undergo at least one more significant funding round (Series C) before a liquidity event, which will lead to further dilution for existing equity holders.
Secondary Liquidity
limitedWhile platforms like EquityZen offer opportunities for accredited investors to buy pre-IPO shares, these are typically ad-hoc and not a guaranteed or active market for employees.
Questions to Ask at the Interview
Strategic questions based on eEye Digital Security's data — designed to show you've done your homework.
- 1
“Eye Security's all-in-one offering with cyber insurance for European mid-market is a strong differentiator. How do you plan to maintain this competitive moat against larger players like CrowdStrike or Palo Alto Networks if they decide to aggressively target this specific niche?”
- 2
“With current revenue at ~$4M and a 100% YoY growth rate, what are the key strategic initiatives and milestones for scaling the business to $50M+ ARR, particularly as you expand across diverse European markets and navigate the NIS2 directive?”
- 3
“Given the Series B funding and the significant capital raised to date, how does Eye Security envision the path to a liquidity event for employees, and what are the company's expectations regarding future dilution and potential secondary liquidity opportunities?”
Community
Valuation Sentiment
Our model estimates +0% upside. What do you think?
Anonymous. Do not share material non-public information.
Community Discussion
Comments are reviewed before they appear publicly.
Loading comments...
Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.